BMO Capital Markets Cuts Builders FirstSource (NYSE:BLDR) Price Target to $168.00

Builders FirstSource (NYSE:BLDR) had its price target lowered by BMO Capital Markets from $175.00 to $168.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a market perform rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Stifel Nicolaus dropped their price objective on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a research note on Monday. The Goldman Sachs Group dropped their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Loop Capital dropped their target price on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a research report on Monday. Truist Financial dropped their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Wedbush reiterated an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $190.72.

Builders FirstSource Trading Up 1.0 %

Shares of BLDR stock opened at $142.20 on Monday. Builders FirstSource has a 52-week low of $130.75 and a 52-week high of $214.70. The stock has a market cap of $16.16 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 0.80 and a beta of 2.12. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The firm has a fifty day moving average of $153.19 and a 200-day moving average of $170.35.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. On average, equities research analysts forecast that Builders FirstSource will post 11.59 earnings per share for the current fiscal year.

Institutional Trading of Builders FirstSource

Several hedge funds have recently bought and sold shares of BLDR. AMF Tjanstepension AB acquired a new stake in Builders FirstSource during the 3rd quarter worth approximately $1,471,000. Creative Planning raised its holdings in Builders FirstSource by 35.6% during the 3rd quarter. Creative Planning now owns 12,963 shares of the company’s stock worth $2,513,000 after buying an additional 3,406 shares during the period. International Assets Investment Management LLC acquired a new stake in Builders FirstSource during the 3rd quarter worth approximately $55,620,000. Ballentine Partners LLC acquired a new stake in Builders FirstSource during the 3rd quarter worth approximately $248,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Builders FirstSource by 21.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,313 shares of the company’s stock worth $1,615,000 after buying an additional 1,442 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Company Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.